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I normally am against this type of move, but the pass-rush has been pretty weak at times. I doubt the Pats will get him anyway (waivers), but Ninko and Cunningham are already among the most inefficient pass-rushers in the NFL, and losing Cunningham hurts depth even more.

2012: Owed $1.64 million for the remaining 5 games.
2013: Owed $4.225 million in base salary (none of which is guaranteed), can earn an additional $100,000 in a workout bonus
2014: Owed $6 million in base salary (none of which is guaranteed), can earn an additional $175,000 in a workout bonus
2015: Owed $6 million in base salary (none of which is guaranteed), can earn an additional $150,000 in a workout bonus
2016: Free agent

*Note: If Babin produces 2.5 more sacks in 2012, his base salary for 2013 would escalate by $400,000; if he produces 4.5 more sacks in 2012, his base salary for 2013 would escalate by $500,000.

Babin has had two great seasons one of 12.5 and one of 18 sacks.
Outside of that he has never had more than five, or an average of 3.8 sacks( 6 season total of 23 sacks, excluding his two big year).
That is not worth 4-6 million per a season when we have players capable of averaging 3.8 sacks a season, 3 of which I outlined above, at a much cheaper cost than Babin who is nothing more than a situational pass rusher. He is very weak against the run. Yes is a know name, but that doesnt mean we should be in on him. We already have we he can give us on this team.